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Feds Investigating Wells Fargo Sudden Account Closures

Last year, federal regulators fined Wells Fargo $185 million for its fake account fiasco in which employees were found to have opened more than two million accounts without customers’ authorization. 454 more words

Financial Products

Wells Fargo makes sweeping changes to its board

(Courtesy of Jacksonville Business Journal)

 Wells Fargo said Tuesday that the bank has taken what it calls “board refreshment actions” as it struggles to right the ship from a series of scandals that have damaged its once-sterling reputation as Main Street’s bank. 627 more words

Homebuyers Get Help With Down Payments, Mortgage

By Melissa Garcia

DENVER (CBS4)– Hundreds of families in Denver and Aurora will be receiving assistance in buying a home thanks to a $4.8 million grant program. 485 more words

News

She Started as a Teller. Now She's the Highest-Ranking Woman in Banking

Betsy Duke was working in a Virginia Beach dinner theater in the mid-1970s, struggling to make ends meet, when she applied for a job at a dry cleaner. 1,021 more words

Finance

Wells Fargo Chairman Stepping Down, To Be Replaced By 1st-Ever Chairwoman

SAN FRANCISCO (CBS SF/AP) — The chairman and CEO of Wells Fargo is stepping down, to be replace by the company’s first-ever chairwoman.

The San Francisco-based bank announced Tuesday that Elizabeth Duke would become its chairwoman on January 1, replacing Stephen Sanger and making her the first woman to hold the position at a major Wall Street bank. 132 more words

News

Wells Fargo Names Betsy Duke as its New Chair in Response to Scandal

Wells Fargo & Co vice chair Betsy Duke will replace retiring chair Stephen Sanger next year, one of several changes announced on Tuesday in a board overhaul following a sales practices scandal. 585 more words

Leadership